XPEL INC XPEL
COM · Common Stock · CUSIP 98379L100 · ISIN US98379L1008
- SectorIndustrials
- IndustryCoating, Engraving & Allied Services
- HeadquartersSan Antonio, TX
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($122.6k this quarter). Holder counts are more reliable. Shares outstanding: 27.6m as of 2026-08-07, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $49.57. Options: 4 managers hold calls ($2.9m notional), 4 hold puts ($2.2m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 173 |
| Q4 2022 | 179 |
| Q1 2023 | 176 |
| Q2 2023 | 181 |
| Q3 2023 | 187 |
| Q4 2023 | 187 |
| Q1 2024 | 185 |
| Q2 2024 | 169 |
| Q3 2024 | 183 |
| Q4 2024 | 174 |
| Q1 2025 | 171 |
| Q2 2025 | 181 |
| Q3 2025 | 189 |
| Q4 2025 | 199 |
| Q1 2026 | 209 |
| Q2 2026 | 210 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 102 | 70 |
| Q4 2024 | 81 | 81 |
| Q1 2025 | 86 | 77 |
| Q2 2025 | 102 | 76 |
| Q3 2025 | 112 | 69 |
| Q4 2025 | 107 | 84 |
| Q1 2026 | 104 | 84 |
| Q2 2026 | 105 | 92 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $1.7m | $1.9m | 1.12 |
| Q4 2025 | $3.9m | $1.8m | 0.47 |
| Q1 2026 | $1.7m | $336.4k | 0.20 |
| Q2 2026 | $2.9m | $2.2m | 0.78 |
Biggest buyers
| Mawer Investment Management Ltd. | New | +310.2k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | New | +307.2k |
| FIRST TRUST ADVISORS LP | New | +176.3k |
| STIFEL FINANCIAL CORP | New | +167.7k |
| BlackRock, Inc. | Added | +134.3k |
| LORD, ABBETT & CO. LLC | New | +134.1k |
| Roubaix Capital, LLC | New | +93.6k |
| Polar Asset Management Partners Inc. | Added | +89.0k |
| Pacific Excel Wealth Advisors, Inc. | New | +81.8k |
| ALTA FOX CAPITAL MANAGEMENT, LLC | Added | +65.5k |
Biggest sellers
| Divisadero Street Capital Management, LP | Reduced | -391.8k |
| WASATCH ADVISORS LP | Reduced | -194.1k |
| Tenzing Global Management, LLC | Sold out | -75.0k |
| MILLENNIUM MANAGEMENT LLC | Sold out | -72.4k |
| GOLDMAN SACHS GROUP INC | Reduced | -70.9k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -64.6k |
| Crawford Fund Management, LLC | Reduced | -61.3k |
| D. E. Shaw & Co., Inc. | Reduced | -55.8k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | Reduced | -51.7k |
| MARSHALL WACE, LLP | Reduced | -47.4k |
Biggest calls
| JANE STREET GROUP, LLC | New | $1.3m27.1k shares |
| CITADEL ADVISORS LLC | Added | $674.6k13.6k shares |
| IMC-Chicago, LLC | Added | $570.4k11.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $287.7k5.8k shares |
Biggest puts
| CITADEL ADVISORS LLC | New | $1.8m36.7k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $322.4k6.5k shares |
| GROUP ONE TRADING LLC | Unchanged | $44.6k900 shares |
| SIMPLEX TRADING, LLC | New | $44.6k900 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| WASATCH ADVISORS LP 13G · institution -1.4 pts · filed 2026-10-09 | 12.4% |
| Alta Fox Opportunities Fund, LP 13G · passive investor +1.8 pts · filed 2026-05-15 | 7.0% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-09-03)
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 3 | $2.7m | $2.4m |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 1 | $187.3k | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 0 | — | 0 | — | — |
None reported since 1 Apr 2026.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.00% of their portfolio | 3.8m $190.1m | Added +134.3k |
| WASATCH ADVISORS LP 1.18% of their portfolio | 3.7m $181.1m | Reduced -194.1k |
| ALTA FOX CAPITAL MANAGEMENT, LLC 19.85% of their portfolio | 2.0m $98.7m | Added +65.5k |
| SCS Capital Management LLC 0.58% of their portfolio | 1.2m $61.6m | Unchanged |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 1.1m $52.1m | Added +6.3k |
| STATE STREET CORP 0.00% of their portfolio | 971.2k $48.2m | Added +44.5k |
| SCHWARTZ INVESTMENT COUNSEL INC 1.35% of their portfolio | 822.8k $40.8m | Reduced -2.0k |
| WESTWOOD HOLDINGS GROUP INC 0.30% of their portfolio | 810.9k $40.2m | Added +5.4k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 656.3k $32.6m | Added +37.0k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio | 542.3k $26.9m | Added +54.3k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 487.8k $24.2m | Added +15.2k |
| Divisadero Street Capital Management, LP 0.38% of their portfolio | 328.7k $16.3m | Reduced -391.8k |
| Mawer Investment Management Ltd. 0.10% of their portfolio | 310.2k $15.4m | New |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.05% of their portfolio | 307.2k $15.2m | New |
| MORGAN STANLEY 0.00% of their portfolio | 286.4k $14.2m | Added +35.0k |
| Crawford Fund Management, LLC 4.12% of their portfolio | 270.8k $13.4m | Reduced -61.3k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 269.9k $13.4m | Added +17.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 239.7k $11.9m | Added +7.0k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.03% of their portfolio | 232.3k $11.5m | Added +34.4k |
| Polar Asset Management Partners Inc. 0.19% of their portfolio | 211.0k $10.5m | Added +89.0k |
| LHM, INC. 3.44% of their portfolio | 203.0k $10.1m | Added +12.3k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 178.7k $8.9m | Added +3.2k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 176.3k $8.7m | New |
| SEI INVESTMENTS CO 0.01% of their portfolio | 175.0k $8.7m | Added +14.6k |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 167.7k $8.3m | New |
| UBS Group AG 0.00% of their portfolio | 146.7k $7.3m | Reduced -16.5k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 140.1k $6.9m | Added +815 |
| Bank of New York Mellon Corp 0.00% of their portfolio | 138.5k $6.9m | Added +3.0k |
| LORD, ABBETT & CO. LLC 0.02% of their portfolio | 134.1k $6.7m | New |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio | 108.9k $4.8m | Added +10.3k |
| Nuveen, LLC 0.00% of their portfolio | 105.4k $5.2m | Added +23.2k |
| Cresset Asset Management, LLC 0.02% of their portfolio | 103.6k $5.1m | Unchanged |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 97.7k $4.8m | Reduced -70.9k |
| Roubaix Capital, LLC 1.66% of their portfolio | 93.6k $4.6m | New |
| Public Sector Pension Investment Board 0.01% of their portfolio | 86.4k $4.3m | Reduced -29.7k |
| Heritage Family Offices, LLP 1.57% of their portfolio | 81.8k $4.1m | Unchanged |
| Pacific Excel Wealth Advisors, Inc. 1.57% of their portfolio | 81.8k $4.1m | New |
| BRIDGES INVESTMENT MANAGEMENT INC 0.05% of their portfolio | 79.4k $3.9m | Added +343 |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 79.1k $3.9m | Reduced -55.8k |
| BROWN CAPITAL MANAGEMENT LLC 0.78% of their portfolio | 79.1k $3.9m | Added +27.4k |
| CAPTRUST FINANCIAL ADVISORS 0.01% of their portfolio | 73.3k $3.6m | Reduced -7.2k |
| Invesco Ltd. 0.00% of their portfolio | 71.7k $3.6m | Reduced -14.5k |
| NORDEA INVESTMENT MANAGEMENT AB 0.00% of their portfolio | 70.8k $3.5m | Reduced -318 |
| Lombard Odier Asset Management (Europe) Ltd 0.15% of their portfolio | 70.2k $3.5m | Added +19.1k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 69.1k $3.4m | Reduced -31.8k |
| Venture Visionary Partners LLC 0.08% of their portfolio | 59.1k $2.9m | Added +3.7k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 58.4k $2.9m | Reduced -7.4k |
| TUDOR INVESTMENT CORP ET AL 0.01% of their portfolio | 58.2k $2.9m | Added +17.7k |
| Squarepoint Ops LLC 0.01% of their portfolio | 58.0k $2.9m | Added +39.1k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 58.0k $2.9m | Reduced -64.6k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 56.3k $2.8m | Reduced -6.6k |
| Legal & General Group Plc 0.00% of their portfolio | 54.9k $2.7m | Reduced -2.7k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 54.9k $2.7m | Added +15.6k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 52.2k $2.6m | Reduced -3.5k |
| QV Investors Inc. 0.20% of their portfolio | 51.6k $2.6m | Unchanged |
| OPPENHEIMER ASSET MANAGEMENT INC. 0.03% of their portfolio | 49.6k $2.5m | Added +6.3k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 47.5k $2.4m | Reduced -37.1k |
| Swiss National Bank 0.00% of their portfolio | 47.1k $2.3m | Reduced -2.1k |
| SPRUCEGROVE INVESTMENT MANAGEMENT LTD 0.36% of their portfolio | 46.3k $2.3m | Reduced -18.5k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 43.0k $2.1m | Added +6.0k |
| B. Metzler seel. Sohn & Co. AG 0.02% of their portfolio | 41.4k $2.1m | Added +4.7k |
| Grandeur Peak Global Advisors, LLC 0.43% of their portfolio | 37.8k $1.9m | Added +29.7k |
| ISTHMUS PARTNERS, LLC 0.17% of their portfolio | 36.0k $1.8m | New |
| CenterBook Partners LP 0.09% of their portfolio | 35.4k $1.8m | New |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 35.3k $1.7m | Reduced -926 |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.01% of their portfolio | 35.2k $1.7m | Reduced -51.7k |
| ANCHOR CAPITAL ADVISORS LLC 0.05% of their portfolio | 34.7k $1.7m | New |
| Numerai GP LLC 0.14% of their portfolio | 33.5k $1.7m | New |
| BARCLAYS PLC 0.00% of their portfolio | 32.2k $1.6m | Reduced -603 |
| Baird Financial Group, Inc. 0.00% of their portfolio | 32.0k $1.6m | Reduced -2.5k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 31.9k $1.6m | Added +11.8k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 31.7k $1.4m | Added +8.4k |
| Creative Planning 0.00% of their portfolio | 29.7k $1.5m | Added +3.1k |
| Redmond Asset Management, LLC 0.36% of their portfolio | 29.0k $1.4m | Reduced -95 |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 27.3k $1.4m | Added +3.2k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 26.5k $1.3m | Added +320 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 26.3k $1.3m | Added +2.7k |
| Quantinno Capital Management LP 0.00% of their portfolio | 25.5k $1.3m | Added +20.8k |
| JB CAPITAL PARTNERS LP 0.19% of their portfolio | 25.0k $1.2m | Unchanged |
| Janney Montgomery Scott LLC 0.00% of their portfolio | 21.9k $1.1m | Added +1.2k |
| Brevan Howard Capital Management LP 0.02% of their portfolio | 21.7k $1.1m | Reduced -4.3k |
| Corient Private Wealth LP 0.00% of their portfolio | 21.0k $1.0m | New |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 20.2k $1.0m | Added +155 |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 19.7k $976.0k | Unchanged |
| Vancity Investment Management Ltd 0.14% of their portfolio | 18.6k $925.0k | Added +2.2k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 18.1k $898.6k | Added +3.0k |
| &PARTNERS 0.00% of their portfolio | 17.9k $889.3k | Reduced -287 |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 17.5k $852.0k | Added +657 |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 16.5k $817.0k | Reduced -343 |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 15.7k $779.0k | Added +7.1k |
| JBF Capital, Inc. 0.10% of their portfolio | 15.4k $761.6k | Unchanged |
| MetLife Investment Management, LLC 0.00% of their portfolio | 14.5k $719.9k | Added +427 |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 14.0k $692.9k | Added +643 |
| Illinois Municipal Retirement Fund 0.01% of their portfolio | 13.4k $663.6k | Reduced -673 |
| CITIGROUP INC 0.00% of their portfolio | 13.1k $651.2k | Added +7.9k |
| FIRST CITIZENS BANK & TRUST CO 0.01% of their portfolio | 12.6k $623.3k | Added +396 |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 12.4k $617.4k | Reduced -836 |
| Envestnet Portfolio Solutions, Inc. 0.00% of their portfolio | 12.1k $599.2k | Added +421 |
| Inspire Advisors, LLC 0.04% of their portfolio | 12.0k $594.7k | Reduced -853 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 11.8k $582.9k | Reduced -129 |